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Title: How well has the UK economy performed under the Labour governments of Blair and Brown and the coalition government under Cameron?
Description: Full A Level essay answering the question 'how well has the UK economy performed under the governments of Blair, Brown and Cameron's Coalition. This essay received an A grade at A2 level.
Description: Full A Level essay answering the question 'how well has the UK economy performed under the governments of Blair, Brown and Cameron's Coalition. This essay received an A grade at A2 level.
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How well has the economy performed under both the Labour governments of Blair and Brown and
the Cameron led coalition government?
An economy is term that refers to a country’s production and consumption of goods and services along
with the supply of money
...
Different political parties and their leaders can take
different approaches to running the economy effectively
...
From 1997, UK GDP growth per quarter on quarter constantly remained above 0% up until the 2008
global financial crisis
...
0% in the second
quarter of 1999 but GDP growth peaked at 1
...
Blair’s government
also managed to reduce the number of unemployed steadily from 2
...
5 million in
2001 where the number of unemployed remained fairly stable around this number until mid-2005
...
When he came to power in 1997, there were 1
...
9 million
...
Gordon Brown became Prime Minister after Blair stood down in 2007
...
For the first three quarters of 2007, economic growth in terms
of GDP remained high at 1
...
3%
...
8% (the first
negative figure for 16 years
...
5%
...
During Alasdair Darlings time as Chancellor of the Exchequer, the
UK economy only began to grow again in the final quarter of 2009 where it grew at 0
...
Due to the
rates of economic growth during Browns leadership, the number of unemployed increased rapidly
from 2008 to 2010 from 1
...
5 million, which also led to more people being in need of JSA,
where the number of people claiming them went from 0
...
6 million at the start of 2010
...
However, this economic crisis may have been a result of Blair’s
policies and spending which created a large budget deficit which Brown inherited in 2007
...
As a result, they came to power and formed a coalition government with Nick Clegg’s Liberal
Democrats
...
There was a spike in the third quarter of 2012
which is likely to have occurred because of the London 2012 Olympic Games
...
The number of people who were out of work remained fairly stable between 2010 and the third
quarter of 2013 at around 2
...
0
million
...
To be able to draw fuller conclusions about the successful management of the economy since Blair,
more economic factors would need to be evaluated
Title: How well has the UK economy performed under the Labour governments of Blair and Brown and the coalition government under Cameron?
Description: Full A Level essay answering the question 'how well has the UK economy performed under the governments of Blair, Brown and Cameron's Coalition. This essay received an A grade at A2 level.
Description: Full A Level essay answering the question 'how well has the UK economy performed under the governments of Blair, Brown and Cameron's Coalition. This essay received an A grade at A2 level.